NEW YORK (TheStreet) -- Shares of Exxon Mobil (XOM) - Get Report are retreating 2.45% to $87.99 in pre-market trading on Friday after reporting lower-than-expected earnings and revenue for the 2016 second quarter. 

Before the market open, the oil and gas producer reported adjusted earnings that fell 59% year-over-year to 41 cents per share, missing analysts' projections of 64 cents per share. 

Revenue declined to $57.7 billion in the most recent period from $74.1 billion a year ago and fell short of analysts' estimates of $60.23 billion.

The results reflect "sharply lower commodity prices, weaker refining margins and continued strength in the chemical segment," the company said in a statement. 

Production fell about 0.6% to 3.9 million barrels of oil equivalent per day in the most recent period. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Exxon Mobil's strengths such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow.

You can view the full analysis from the report here: XOM

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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